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The meaning of the definition of "electronic commerce" has changed as time passes. Actually, "electronic commerce" meant the facilitation of commercial transactions electronically, generally using technology like Electronic Data Interchange (EDI, introduced in the late 1970s) to send commercial files like purchase orders or bills electronically.
Later it found include activities more correctly termed "Web commerce" -- the purchase of goods and services around the globe Wide Web via safe machines (note HTTPS, a particular host process which encrypts private ordering information for consumer safety) with e-shopping carts and with electronic pay services, like credit card transaction authorizations.
If the Web first became well-known on the list of average man or woman in 1994, many writers and pundits forecast that e-commerce would soon turn into a major economic sector. Nevertheless, it took about four years for security protocols (like HTTPS) to become completely developed and widely used (throughout the browser wars of the period). Therefore, between 1998 and 2,000, a substantial amount of companies in america and Western Europe produced simple Internet sites.
Although a great number of "pure e-commerce" companies disappeared throughout the dot-com fall in 2001 and 2,000, many "brick-and-mortar" retailers recognized that such companies had determined valuable niche markets and begun to add e-commerce capabilities with their The web sites. For instance, after the failure of online grocer Webvan, two old-fashioned supermarket chains, Albertsons and Safeway, both started ecommerce subsidiaries by which groceries could be ordered by consumers online.
By 2005, ecommerce has become well-established in major cities across a lot of Western Europe, United States, and certain East Parts of asia like South Korea. However, e-commerce is is virtually nonexistent in lots of Third World countries, and still growing slowly in some industrialized countries.
Electronic commerce has infinite potential for both developed and developing countries, offering lucrative profits in a very unregulated environment. order fulfillment service
